Mainstreaming Sustainable Investment -  An Approach Based on  Recognizing & Rewarding Excellence Presentation for  TBLI As...
Mainstreaming Sustainable Investment  Discussion Outline <ul><li>The TBLI Concept – A Key Challenge </li></ul><ul><li>Mark...
The TBLI Concept -  A Key Challenge <ul><li>Words to Ponder : </li></ul><ul><li>“ The Triple Bottom Line Investment concep...
Market Perception of TBLI -  Is the Party Worth Attending? <ul><li>As is well known to the “sustainable investment communi...
The Sustainable Investment Market - Key Players  <ul><li>Governments & Public Sector Agencies </li></ul><ul><ul><li>Board ...
Mobilizing Increased Support for TBLI - A Proposed Approach  <ul><li>There are clearly many approaches to mobilising incre...
Precedents for Recognizing  & Rewarding Excellence  <ul><li>There are a number of well developed initiatives for recognizi...
Precedents for Recognizing  & Rewarding Excellence - cont’d. <ul><li>Environmental Awards : </li></ul><ul><ul><li>EU Commi...
The Case for a “TBLI Awards” Program     <ul><li>A TBLI Awards Program would provide a much needed mechanism to recognize ...
Examples of Prospective  TBLI Award Recipients <ul><li>Public sector entities and employees :  </li></ul><ul><ul><li>Board...
Examples of Prospective  TBLI Award Recipients - cont’d <ul><li>Development Finance Institutions : </li></ul><ul><ul><li>M...
  The TBLI Awards Program -  A Unique Sponsorship Opportunity <ul><li>One or more Sponsors are needed to catalyse the prop...
Concluding Thoughts & Next Steps <ul><li>It is hoped that this presentation: </li></ul><ul><ul><li>Stimulates thinking abo...
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The Challenges of funding sustainable projects

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David Hodgkinson, Director - Emerald Capital Asia Ltd. - USA

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The Challenges of funding sustainable projects

  1. 1. Mainstreaming Sustainable Investment - An Approach Based on Recognizing & Rewarding Excellence Presentation for TBLI Asia 2006 By T. David Hodgkinson Emerald Capital Asia Ltd. May 2006
  2. 2. Mainstreaming Sustainable Investment Discussion Outline <ul><li>The TBLI Concept – A Key Challenge </li></ul><ul><li>Market Perception of the TBLI Concept </li></ul><ul><li>The Sustainable Investment Market </li></ul><ul><li>Mobilizing Increased Support for TBLI - A Proposed Approach </li></ul><ul><li>Precedents for Recognizing & Rewarding Excellence </li></ul><ul><li>The Case for a “TBLI Awards” Program </li></ul><ul><li>Examples of Prospective TBLI Award Recipients </li></ul><ul><li>The TBLI Awards Program - A Unique Sponsorship Opportunity </li></ul><ul><li>Concluding Thoughts & Next Steps </li></ul>
  3. 3. The TBLI Concept - A Key Challenge <ul><li>Words to Ponder : </li></ul><ul><li>“ The Triple Bottom Line Investment concept is steadily gaining momentum. We are just early to the party .” Statement of Robert Rubinstein, Founder of TBLI Group. </li></ul><ul><li>If we are indeed early to the “TBLI Party,” several obvious questions arise: </li></ul><ul><ul><li>Why are we so early? </li></ul></ul><ul><ul><li>What can be done to get others to join the Party? </li></ul></ul>
  4. 4. Market Perception of TBLI - Is the Party Worth Attending? <ul><li>As is well known to the “sustainable investment community,” TBLI is an integrated approach that takes into account: </li></ul><ul><ul><li>Financial Performance </li></ul></ul><ul><ul><li>Environmental Considerations </li></ul></ul><ul><ul><li>Social Considerations </li></ul></ul><ul><li>Despite the intrinsic logic of the TBLI concept, its integrated nature can be problematic for many organisations. </li></ul><ul><ul><li>TBLI is multi-disciplinary undertaking that typically requires a high degree of internal and external co-ordination </li></ul></ul><ul><ul><li>It is often difficult to quantify the benefits of TBLI </li></ul></ul><ul><ul><li>There is a shortage of “model projects” that can be used to illustrate the merits of TBLI </li></ul></ul>
  5. 5. The Sustainable Investment Market - Key Players <ul><li>Governments & Public Sector Agencies </li></ul><ul><ul><li>Board of Investment, Ministry of Finance, Central Bank, Regulatory Agencies, etc. </li></ul></ul><ul><li>The Private Sector </li></ul><ul><ul><li>Corporates, Investment Funds, Venture Capital, Commercial & Investment Banks, etc. </li></ul></ul><ul><li>Development Finance Institutions </li></ul><ul><ul><li>Multilateral and Bilateral Institutions </li></ul></ul><ul><li>Foundations & Non-Governmental Organisations </li></ul><ul><li>Each of these groups are high value invitees to the TBLI Party -- their support and active involvement is crucial for TBLI to achieve its full potential. </li></ul>
  6. 6. Mobilizing Increased Support for TBLI - A Proposed Approach <ul><li>There are clearly many approaches to mobilising increased support for TBLI. </li></ul><ul><li>The path advocated in this presentation is a systematic effort to give greater attention and visibility to TBLI market participants and best practices . </li></ul><ul><li>In practical terms, this requires: </li></ul><ul><ul><li>Identifying excellence in TBLI projects and practices </li></ul></ul><ul><ul><li>Recognizing and rewarding the best TBLI project proponents and the institutions they represent. </li></ul></ul>
  7. 7. Precedents for Recognizing & Rewarding Excellence <ul><li>There are a number of well developed initiatives for recognizing and rewarding excellence in each of TBLI’s “bottom line” areas. </li></ul><ul><li>Finance : The financial services industry has refined recognition of excellence into almost an art form. Examples include: </li></ul><ul><ul><li>Euromoney Awards for Excellence </li></ul></ul><ul><ul><li>Finance Asia Awards </li></ul></ul><ul><ul><li>Asian Banking Awards </li></ul></ul>
  8. 8. Precedents for Recognizing & Rewarding Excellence - cont’d. <ul><li>Environmental Awards : </li></ul><ul><ul><li>EU Commission Environmental Award </li></ul></ul><ul><ul><li>Sheikh Zayed Environmental Prize </li></ul></ul><ul><ul><li>UNEP “Champions of the Earth” Awards </li></ul></ul><ul><ul><li>Volvo Environment Prize </li></ul></ul><ul><li>Social & Community Development Awards : </li></ul><ul><ul><li>The World Challenge Awards </li></ul></ul><ul><ul><li>LivCom Awards (promoting liveable communities) </li></ul></ul><ul><ul><li>Skoll Foundation Awards for Social Entrepreneurship </li></ul></ul>
  9. 9. The Case for a “TBLI Awards” Program <ul><li>A TBLI Awards Program would provide a much needed mechanism to recognize and inspire a broad range of market participants. </li></ul><ul><li>Awards should target entities and individuals who are independently judged to have achieved excellence in TBLI projects and practices. </li></ul>
  10. 10. Examples of Prospective TBLI Award Recipients <ul><li>Public sector entities and employees : </li></ul><ul><ul><li>Board of Investment staff who mobilize investment for high quality TBLI projects (not just large projects that have few if any positive TBLI attributes). </li></ul></ul><ul><li>Private sector entities or individuals , including: </li></ul><ul><ul><li>Corporate staff engaged in TBLI activities </li></ul></ul><ul><ul><li>Entrepreneurs </li></ul></ul><ul><ul><li>Fund Managers </li></ul></ul><ul><ul><li>Commercial & Investment Bankers </li></ul></ul>
  11. 11. Examples of Prospective TBLI Award Recipients - cont’d <ul><li>Development Finance Institutions : </li></ul><ul><ul><li>Multilateral institutions </li></ul></ul><ul><ul><li>Bilateral institutions </li></ul></ul><ul><li>TBLI Awards should be designed to achieve maximum visibility and publicity, by recognizing, whenever applicable: </li></ul><ul><ul><li>Individual Recipients as well as </li></ul></ul><ul><ul><li>The Recipient’s “parent” institution. </li></ul></ul>
  12. 12. The TBLI Awards Program - A Unique Sponsorship Opportunity <ul><li>One or more Sponsors are needed to catalyse the proposed Awards Program </li></ul><ul><li>Foundations would likely be well suited to Sponsor a TBLI Awards Program. </li></ul><ul><li>The Program need not require huge sums of money for administration or awards. </li></ul><ul><ul><li>By way of example, the “World Challenge” initiative (sponsored by BBC and Newsweek, in association with Shell) offers a first prize of US$ 20,000, with $10,000 grants for runners up. </li></ul></ul>
  13. 13. Concluding Thoughts & Next Steps <ul><li>It is hoped that this presentation: </li></ul><ul><ul><li>Stimulates thinking about the challenges to mainstreaming Triple Bottom Line Investments, and </li></ul></ul><ul><ul><li>Explains the benefits of a “rewards-based” approach to mainstreaming TBLI in Asia and other regions. </li></ul></ul><ul><li>Next Steps: </li></ul><ul><ul><li>Establishing an Awards Program will require consultation and dialogue with prospective Sponsors, some of whom are hopefully in attendance at TBLI Asia. </li></ul></ul>
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